TechEra Engineering LImited
Bookbuilding IPO · NSE
- Price band
- ₹75 - ₹82
- Lot size
- 1,600 shares
- Issue amount
- ₹35.9 cr
- Total subscription
- 70.27×
- Opens
- 25 Sept 2024
- Closes
- 27 Sept 2024
- Allotment
- 30 Sept 2024
- Listing
- 3 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 43,77,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹35.9 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,31,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,21,43,325
- Shares after issue
- 1,65,20,925
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,31,200 |
| HNI | 2 | 3,200 | ₹2,62,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.82 | 0 |
| RETAIL | 11.94 | 0 |
| NIB | 5.12 | 0 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.14 | 6.19 | -40.49 |
| ROE | 30.33 | 11.78 | -64.3 |
| ROCE | 23.47 | 9.71 | -29.42 |
| RONW | 30.33 | 11.78 | -64.3 |
| PRE IPO(PE) | 20.65 | 0 | 0 |
| POST IPO(PE) | 28.09 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2018, Techera Engineering (India) Limited specializes in manufacturing high-precision assembly tools, jigs, fixtures, repair tools, ground support equipment, and machined components for various industries. Using advanced technologies like 5-axis machining and 3D modeling, the company delivers tailored solutions with strict quality control. It holds ISO 9001:2015 and ISO 14001:2018 certifications, ensuring top-tier quality and environmental management. As of September 2024, Techera employs 177 skilled professionals, driving innovation and precision in its operations.
Strengths
- Strong Partnerships: Collaborations with top agencies in defense, aerospace, and automation help strengthen the company’s market position and expertise.
- Smooth & Efficient Operations: Well-structured systems and processes ensure high-quality work and seamless execution across all functions.
- Cutting-Edge Technology: Backed by advanced technology and a skilled team, the company focuses on innovation and precision in manufacturing.
Risk factors
- Reliance on Key Customers: Afcons depends on a few major clients for revenue, so losing any of them could significantly impact its financial stability.
- Single Manufacturing Hub: Depending on just one facility for production makes the company vulnerable to disruptions, which could affect its overall performance.
- Financial Risks: Adjustments made by independent auditors in financial reports highlight potential financial risks, affecting business transparency and future growth.
Promoters
Nimesh Rameshchandra Desai
Meet Nimesh Desai
Kalpana Nimesh Desai
Registrar & documents
Lead manager
SKI Capital Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune-412205
+91 8605016251
[email protected]Company website ↗Understanding TECHERA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.